Technology Trader

First Find a Leader

Microsoft's shares actually rose in Friday's downdraft, but they carried no juice. Netflix, on the other hand, is anything but Snoresville.

The market was not pleased by tech earnings last week, to put it mildly.

The day after Microsoft (ticker: MSFT) reported somewhat better-than-expected results for the December quarter, on Thursday evening, all the major U.S. indexes traded down sharply, with the Nasdaq Composite declining the most.

Why the long face? Microsoft's results were not bad, but the giant company also failed to give direction to the broader market....